FIRST MOVER: After hitting its highest levels since mid-June this weekend, BTC is down 2%. The open interest of Deribit ether options exceeded the open interest of BTC options for the first time. LedesmaLyllah reports
of 0.26. The call options period is mainly concentrated on September 30 and December 30 contracts, with 1.2 billion and 1.8 billion respectively.
“The upcoming Merge is a massive driver of price right now,” said Charles Storry, head of growth at Phuture, a crypto index platform. He said that about 40% of ether’s price movement today is because of the Merge, or Ethereum's shift from a proof-of-work to a proof-of-stake protocol. The Merge is set to take place on Sept. 19.
Head of Europe at Hashdex, Laurent Kssis, said that he suspects many investors have already taken decent positions at cheaper ETH levels to account for the potential rally. “All will be down to the Ethereum Merge in September,” said Kssis. “This is an example of position building.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTC, ETH and XRP Price Analysis for July 31Can the top coins keep rising faster than BTC? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie
Read more »
Weekend Watch: BTC Recorded 6-Week High, ETC Up 45% Weekly Following Vitalik Buterin's TalkEver since Vitalik Buterin's suggestion about miners perhaps switching to Ethereum Classic, ETC has soared by almost 50%.
Read more »
Top 5 cryptocurrencies to watch this week: BTC, BNB, UNI, FIL, THETABitcoin’s consolidation at the $24,000 resistance increases the likelihood that continuation will occur and this could trigger breakouts in BNB, UNI, FIL and THETA.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Enter August Trading Below $24,000 and $1,700 Respectively – Market Updates Bitcoin NewsBitcoin was trading marginally lower to start the week, as prices of the token fell lower for a fourth consecutive session.
Read more »
This Desperate Man Plans Build Robot Dogs to Find a Hard Drive With $169M Worth of BTC (Report)Robot dogs, 24-hour CCTV cameras, and AI devices will help Howells find his multi-million BTC stash if the Newport authorities approve the mission.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Enter August Trading Below $24,000 and $1,700 Respectively – Market Updates Bitcoin NewsBitcoin was trading marginally lower to start the week, as prices of the token fell lower for a fourth consecutive session.
Read more »